BENEFIT holds identification and verification service workshops

TDT | Manama                                                  

The Daily Tribune – www.newsofbahrain.com

BENEFIT announced holding two workshops on their premise and a virtual-workshop introducing their Identity and Verification services to 48 financial institutions in Bahrain.

Representatives from 48 financial institutions attended the sessions, where they learned about the competitive features and capabilities of the solutions. The identification and verification service recognizes all GCC IDs and passports from all nationalities to validate client identity against a liveness check, allowing for faster and more seamless customer onboarding.

Latifa Al, Head-Bahrain Credit Reference Bureau at BENEFIT, said, “Banks, Money Changers, Insurance companies, Investment firms, Payment service providers FinTech firms, and all other financial institutions face a similar challenge when it comes to providing consumers with more digital services at a time when cybercriminals are increasing their techniques and intensity. 0

In light of this rising threat, BENEFIT’s technology plays a critical role in keeping people and data secure.” “With the maturation of facial recognition, especially with the introduction of liveness checks, it is now a necessity in the biometrics realm and BENEFIT is leveraging on this and strengthening our role in the FinTech space.”

It is worth noting that BENEFIT also provides the national eKYC service and the credit bureau service.